China to increase electric truck share
China plans to boost the adoption of heavy-duty trucks powered by new energy sources, aiming to capture 40% of the market by 2030, with over 1.6 million vehicles in the fleet. The goal is to achieve more than 80% of the electrification target on fixed routes in key regions. The plan includes establishing around 3,000 charging and battery swapping stations, developing 30,000 kilometers of carbon-free charging highways, and providing financial support and incentives for business models that allow vehicle purchases separate from batteries. By 2025, the penetration rate of new energy-powered heavy-duty trucks was approximately 29%.
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